Macy's says it will close 150 stores nationwide in the next two years. The details of the announcement came early Tuesday morning in an earnings call with investors.
Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for the year. The department store chain faces a proxy fight from Arkhouse Management which nominated a slate of nine director for election to Macy's board last week.
Macy s to close 150 stores over 3 years as sales slip wdbj7.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wdbj7.com Daily Mail and Mail on Sunday newspapers.
Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and.